Diwali Relief: Petrol, diesel prices remain static

New Delhi: As a Diwali relief, fuel consumers were spared as oil marketing companies decided to keep the retail price of petrol and diesel unchanged on Wednesday in line with slight softening of global oil rates that is expecting OPEC to pump more oil this month.
Accordingly, the pump price of petrol in Delhi remains at Rs 110.04 a litre, while diesel prices also remained at Tuesday’s level of Rs 98.42 a litre, according to a price notification of state-owned fuel retailers.
In the financial capital Mumbai, petrol prices remain at Rs 115.85 per litre, while diesel is at Rs 106.62 a litre, the highest among all metros.
Before Wednesday’s pause, fuel prices increased for seven consecutive days to take up the rate of petrol by Rs 2.45 per litre in Delhi. Similarly, diesel prices also increased by Rs 2.10 a litre.
Across the country as well, the fuel prices remained static on Wednesday but their retail rates varied depending on the level of local taxes on petroleum products.
Also Read GST collection growth mainly due to hike in input prices Diesel prices have increased on 30 out of the last 40 days taking up its retail price by Rs 9.90 per litre in Delhi.